What are the 5 stages of project management?
The five phases of project management are:
- Initiation: the project is defined and its feasibility assessed;
- Planning: the project plan is developed including scope, timeline, and resources;
- Execution: project activities are carried out and deliverables are created;
- Monitoring and controlling: project performance is tracked and any necessary adjustments are made;
- Closing: involves finalising all project activities, formally completing the project and disbanding the project team.
These 5 project management phases are described in detail in the PMBOK® Guide.
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